Non-Deliverable definition

Non-Deliverable settlement means that, in respect of any payment date (including but not limited to the Maturity Date and an Interest Payment Date (if any)) on which an Offshore CNY Disruption Event has occurred and is continuing and Non-Deliverable Substitute is applicable, the payment of any amount due in Offshore CNY under the Securities on such payment date shall be converted using the Settlement Rate and settled in the Settlement Currency on the relevant Non- Deliverable Substitute Settlement Date, and in respect of such amount payable to the Holders under the Securities, the payment shall also be paid to the relevant Holder's account in Hong Kong.

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Non-Deliverable means a Transaction that entails the exchange of a net cash amount between the parties at settlement (as opposed to the exchange of two different currencies).

Non-Deliverable means (i) in the case of FX Transactions, on Settlement Date, in respect of a Non- Deliverable FX Transaction, if the Settlement Currency Amount is a positive number, Buyer will pay that amount in the Settlement Currency to the Seller or, (ii) if the Settlement Currency Amount is a negative number, Seller will pay the absolute value of that amount in the Settlement Currency to the Buyer.

Examples of Non-Deliverable in a sentence

The provisions of Part VI.B of this Schedule relating to cash settlement of FX Transactions shall apply to Non-Deliverable FX Transactions.
This Master Confirmation Agreement for Non-Deliverable Forward FX Transactions (“Master Confirmation”) shall apply to each non-deliverable forward foreign exchange transaction (“NDF Transaction”) entered into between Party A and Party B on or after the Effective Date, unless the Addendum or a confirmation of a NDF Transaction specifies that this Master Confirmation does not apply.
At no time shall any item of Non-Deliverable Collateral be delivered to or held by any Person (other than the Collateral Agent) as collateral security for any obligation of any Grantor.
It also should be noted that, for the Master Confirmation to apply, Settlement of the NDF Transaction must be Non-Deliverable (see Paragraph 5 below).
NDFs: Non-Deliverable Forwards and has the same meaning as CFDs. Nominee: Any company as we may appoint as our Nominee from time to time, which is a member of our group whose principal function is to hold funds acquired by our Clients.
If an electronic message format does not include a field for specifying that Settlement is Non- Deliverable, it must otherwise be clear from the terms of the Transaction Confirmation that the NDF Transaction is Non-Deliverable.
The Agreement available at ▇▇▇▇.▇▇ is a public offer which shall be treated as an offer of the Forex Company to any fully legally capable person (hereinafter – the “Client”) to enter into the Agreement on the Performance of Transactions with Non-Deliverable OTC Financial Instruments (hereinafter – the “Agreement”) on the following terms and conditions.
At no time shall any item of Non-Deliverable Collateral be delivered to or held by any Person (other than the Mortgage Notes Indenture Trustee) as collateral security for any obligation of any Grantor.
At no time shall any item of Non-Deliverable Collateral be delivered to or held by any Person (other than the Administrative Agent) as collateral security for any obligation of any Grantor.
This Master Confirmation Agreement for Non-Deliverable Currency Option Transactions (“Master Confirmation”) shall apply to each European Style non-deliverable Currency Option Transaction (“NDO Transaction”) entered into between Party A and Party B on or after the Effective Date, unless the Addendum or a confirmation of a NDO Transaction specifies that this Master Confirmation does not apply.

More Definitions of Non-Deliverable

Non-Deliverable is where the contracted currencies are not delivered but settled against each other resulting in a net balance (payable or receivable).

Non-Deliverable means, if specified in a Confirmation to be applicable to a Transaction, that such Transaction will settle in accordance with Clause 4.2 or 4.4 of this Annex A (as applicable).